Synthetix DEX cans mobile app.. but why?

Within the past year, around $70 million has been locked in the Synthetix DEX (Decentralized Exchange). Today, the exchange announced that their mobile app was discontinued so that the team could focus on other things.  Synthetix has sat atop the DeFi Pulse “value locked” list for quite some time, trailing closely behind Compound and Maker.

DEX margin trading vs BitMex

Looking at high percentage APR on margin DEX sites like DyDx and Fulcrum can be intimidating when you’re used to seeing .01% funding on BitMex. With a bit of high school level financial math, it becomes more apparent how competitive these exchanges can be for low leverage traders.  Why it isn’t that expensive BitMex charges